§ 2. Sir BERTRAM FALLE
asked the President of the Board of Trade how many of the public companies reported, as at 30th April last, as having failed 188 to lodge balance sheets and annual accounts four months after the date required by law continue to disregard the Act as at 17th May; and what he now proposes to do about those public companies still in default?
§ Mr. W. GRAHAM
The number of public companies whose annual returns for 1929 were still outstanding on 17th May was about 330. The necessary action to secure compliance with the law is being taken, including legal proceedings where necessary.
§ 3. Sir B. FALLE
asked the President of the Board of Trade whether he will in future compile in July as well as in January of each year a list of public companies in default in their statutory obligations to lodge annual accounts and balance-sheets, so that those companies which have finished their financial year between 1st January and Seth June and have not conformed with the Act may be dealt with by the Board of Trade without the necessity of a delay until after the end of the following January?
§ Mr. GRAHAM
The hon. and gallant Member's suggestion has been noted. For the rest, I can only refer him, for the time being, to the full answer I gave on 6th May to the questions asked on this subject by the hon. Member for Ilford and the hon. and learned Member for East Grinstead.